Baptist Purchase Of West Florida Gets Go Ahead
August 27, 2008
The Federal Trade Commission has given the go ahead to Baptist Health Care in their planned purchase of West Florida Hospital.
After announcing plans to acquire West Florida Hospital in June, Baptist Health Care filed notice of the transaction with the FTC on July 25, as required by the Hart-Scott-Rodino (HSR) Act. BHC has worked closely with the FTC to provide it with the information required to conduct its review. The passing of 30 days since the HSR filing with no further action by the FTC means that BHC has been cleared to proceed with plans to acquire West Florida Hospital.
“We are pleased that, after thorough investigations, the FTC has cleared Baptist’s plans to acquire West Florida Hospital,” stated Al Stubblefield, president and CEO of Baptist Health Care. “We are currently performing due diligence reviews and developing plans for the transition and consolidation of West Florida Hospital, anticipated to be completed before the end of 2008.”
Stubblefield continued, “From the time we close, we anticipate it will take 12 – 18 months to fully implement the consolidation of the two hospitals. Throughout the process, we will continue to outline and communicate milestones along the way to keep you informed.”
Closer to North Escambia, Baptist operates Atmore Community Hospital, Jay Hospital, Century Family Practice and Lakeview Center in Century.
Pictured above: Artist rendering of the new cancer center to be located at the new locations of Baptist Hospital on Davis Highway.
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